Constant regulatory tinkering and tax relief uncertainty send out a bad message about pensions and stifle innovation, according to the PLSA's new chair Lesley Williams. Speaking to Stephanie Baxter, she wonders if we have lost our way
At a glance Williams thinks further policy changes should be put on hold to allow innovation Tax relief consultation is sending out message that ‘pensions are bad’ Most people will not...
The Pension Regulator’s (TPR) strengthened powers under the Pension Schemes Bill could lead to a revival of its clearance process, according to advisers and lawyers.
The long-debated Pension Schemes Bill has received parliamentary approval, guaranteeing its place on the statute book.
Some £20.1bn of defined benefit (DB) pensions were advised to transfer between 2018 and 2020, while £10.2bn were recommended not to transfer, Financial Conduct Authority (FCA) data reveals.
Online provider Pension Bee has created a flexible pension for self-employed savers, allowing them to make contributions according to their income.
Pension trustees will have much more involvement in business discussions and corporates will need to think more about pensions when the watchdog’s increased powers come into force, LCP says.